Denver, May 09, 2019 (GLOBE NEWSWIRE) — PanXchange, an OTC physical commodity exchange and price discovery platform for products including industrial hemp and frac sand, today announced that senior industry executive Andy Bose has joined its board of advisors. Mr. Bose will play a key role in driving important new strategic initiatives as the firm continues its rapid growth.

It was much of the same last week in the market, all pricing dipped lower but none making a major move. The northern white market remains slightly oversupplied but many producers are optimistic for May where they expect demand to pick up, bringing higher prices with it.

The northern white market has begun Q2 with sideways movement following a strong end to Q1. 40/70m has been especially difficult to source for both spot and contract customers over the past several weeks;

Last week, the markets were mostly stronger with the exception of both Kermit 100 and 40/70 mesh. The divergent behavior of the past few weeks between Kermit and northern white markets is slightly deceiving. One might assume that the combination of positive movement for FOB Odessa and the negative movement for FOB Kermit might suggest a shift in demand; however, this is not the case.